Small businesses to tap financing, training under new US$10M development project

Stakeholders at the launching of the government’s new US$10 million Micro and Small Enterprise (MSE) Development Project yesterday

Some small businesses and start-ups are poised to benefit from better access to financing and technical and entrepreneurial training under the government’s new US$10 million Micro and Small Enterprise (MSE) Development Project that was launched yesterday.

Micro and small enterprises whose operations lend to the creation of a more green economy will the primary beneficiaries of the project, which is being funded by the Guyana-Norway forest partnership. Although US$10 million has been allocated for the project, the funding will be done in phases, with US$5 million to be used in the first phase of the project, which is expected to last for two years and create and sustain an estimated 2,200 jobs.

The launch was held at the Guyana International Conference Centre, at Liliendaal, where many stakeholders, including